Here are the latest updates:
1. New energy deal details via Moncton’s Times & Transcript today: New Brunswick will keep its transmission highways and Quebec will obtain the low emitting carbon emitting power facilities;
2. Irving Oil (through Fort Reliance) announces on same day (!!!!) $2 B investment in creating a regional electricity grid to the U.S. (courtesy of CBC News).
What would happen to a province if debt levels are too high? Don’t know but let’s look at California for insights:
1. California’s financial woes as of January 13th 2010: costs of borrowing goes up.
2. What happens when California defaults? Via NewGeography
World Economic Forum’s foreboding warnings of financial, sovereign debt crisis: Countries told must re-invent economies with new energy. via DigitalJournal